Eight months into running my small business, I finally hit the point where managing books was eating too much time. Started reaching out to accountants in London. The quotes came back—£250 to £400 a month for basic bookkeeping. For a one-person operation just getting started, that's a meaningful chunk of revenue.
I got thinking. Most of what these accountants do is repetitive: categorizing transactions, reconciling accounts, generating reports. The actual judgment calls about tax strategy or complex situations, I might need help with. But the routine stuff? That's automatable.
This got me wondering if there's actually a product here. A simple tool that handles the bookkeeping basics for micro-businesses—connecting to your bank, categorizing expenses, generating quarterly summaries. Something that costs a fraction of an accountant but handles 80% of the work.
Has anyone else been down this path? Are there decent existing solutions for UK small businesses, or is this still a gap worth exploring? I'd be curious to hear from other founders who've either built something similar or found a setup that actually works without breaking the bank.
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